Print 2233
Print 2233
Print 2233
CERTIFICATE
I hereby declare that this Project Report titled “A PROJECT REPORT ON PERFORMANCE
EVALUATION OF MUTUAL FUNDS AT INDUSTRIAL CREDIT AND INVESTMENT
CORPORATION OF INDIA submitted by me to the Department of Business Management,
O.U., Hyderabad, is a Bonafede work undertaken by me, and it is not submitted to any
other University or Institution for the awardof any degree diploma / certificate or
published any time before.
PARASA UDAYAJYOTHI
This is to certify that the Project Report titled “A PROJECT REPORT ON PERFORMANCE
EVALUATION OF MUTAL FUNDS AT INDUSTRIAL CREDIT AND INVESTMENT
CORPORATION OF INDIA, is submitted in partial fulfilment for the award of MBA
Programme to Department of Business Management, O.U. Hyderabad, was carried out by
PARASA UDAYAJYOTHI under my guidance.This has not been submitted to any other
University or Institution for the award of any degree/diploma/certificate.
DR.S. SUBBALAKHMI
This paper focus on the entire journey of mutual fund industry in India. Its origin, its
fall and rise through out all these years and tried to predict what the future may hold
for the Mutual Fund Investors in the long run.
A mutual fund, also called an investment company, is an investment vehicle which
pools the money of many investors. The fund's manager uses the money collected to
purchase securities such as stocks and bonds.
The securities purchased are referred to as the fund's portfolio. Restrictions on
competing products may have acted as a catalyst for the development of money
market and (short-term) bond funds.
This study was conducted to analyze and compare the performance of different types
of mutual funds in India and concluded that equity funds outperform income funds.
This study further concludes that equity fund managers possess significant market
timing ability and institutions funds managers are able to time their investments, but
brokers operated funds did not show market timing ability.
Further it has been found empirically that fund managers are able to time their
investments with the conditions in the market, and possesses significant timing ability.